Following the announcement by the China Securities Regulatory Commission (“CSRC”) on June 2022 to include ETFs in Stock Connect between the Mainland and Hong Kong, an additional channel is available for offshore investors to invest in A-Shares. KPMG and the Chinese Asset Management Association of Hong Kong have jointly published “tax analysis of A-Share equity investments through the QFI mechanism and Stock Connect for offshore investors outside the Chinese Mainland” setting out the various tax costs arising from investing via the two channels and hence providing useful information for investors.